TJ(SH:600667)2024-04-25 10:22Financial Performance - The net profit attributable to the parent company's shareholders for 2023 is CNY 730,328,193.45, with cumulative distributable profits amounting to CNY 474,027,606.21 by the end of 2023[25]. - The proposed cash dividend distribution is CNY 1.05 per 10 shares, totaling CNY 221,149,968.69, which represents 30.28% of the net profit attributable to the parent company's shareholders for 2023[25]. - The company's operating revenue for 2023 reached CNY 39.38 billion, an increase of 11.88% compared to CNY 35.19 billion in 2022[48]. - The net profit attributable to shareholders for 2023 was CNY 730.33 million, a significant recovery from a loss of CNY 742.55 million in 2022[48]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 713.21 million, compared to a loss of CNY 787.90 million in the previous year[48]. - The basic earnings per share for 2023 was CNY 0.35, recovering from a loss of CNY 0.35 in 2022[48]. - The weighted average return on equity for 2023 was 9.69%, an increase of 19.50 percentage points from -9.81% in 2022[40]. - The net profit attributable to shareholders for the current period is 730.33 million RMB, an increase of 147.29 million RMB year-on-year[50]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is 713.21 million RMB, an increase of 150.11 million RMB year-on-year[50]. - The company achieved a total revenue of CNY 39,376,754,147.51 in 2023, representing a year-on-year increase of 11.88%[85]. - The net profit attributable to shareholders reached CNY 829,294,830.86, marking a turnaround from a loss to profit[85]. Cash Flow and Assets - The net cash flow from operating activities decreased by 31.37% to CNY 1.26 billion from CNY 1.83 billion in 2022[48]. - The total assets of the company increased by 12.86% to CNY 32.67 billion at the end of 2023, up from CNY 28.95 billion at the end of 2022[48]. - The net assets attributable to shareholders rose by 11.95% to CNY 7.96 billion at the end of 2023, compared to CNY 7.11 billion at the end of 2022[48]. - The net cash flow from operating activities is 1.26 billion RMB, a decrease of 31.37% year-on-year, primarily due to a return of 413 million RMB in electricity subsidies and increased cash payments to employees[50]. - The company returned CNY 413 million in electricity subsidies during the year, impacting cash flow from operating activities[89]. - The total assets as of December 31, 2023, amounted to CNY 32,673,594,339.55, reflecting a year-on-year growth of 12.86%[85]. - The equity attributable to the parent company increased to CNY 7,963,815,597.51, up 11.95% year-on-year[85]. Business Segments and Revenue Sources - The semiconductor business generated revenue of CNY 4,527,607,204.05, accounting for 11.50% of total revenue[85]. - The engineering contracting business contributed CNY 32,030,173,101.42, making up 81.34% of total revenue[85]. - The design and consulting business reported revenue of CNY 2,343,650,179.98, which is 5.95% of total revenue[85]. - The photovoltaic power generation business earned CNY 350,341,515.22, representing 0.89% of total revenue[85]. - The total revenue for the photovoltaic power generation segment reached ¥350,341,515.22, with a year-over-year increase of 472.89%[90]. - The engineering technology service segment generated revenue of ¥34,373,823,281.40, reflecting a 13.14% increase compared to the previous year[90]. - The semiconductor segment reported revenue of ¥4,527,607,204.05, showing a slight decline of 2.11% year-over-year[90]. Market and Growth Strategies - The company plans to expand its market presence and invest in new product development to drive future growth[48]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[48]. - The company plans to invest approximately 28.90 million RMB in its subsidiary for maintaining production capacity, with 16.27 million RMB already completed[56]. - The company has established a subsidiary in Vietnam with a registered capital of approximately 9.46 billion VND, equivalent to about 2.87 million RMB[70]. - The company plans to expand its market presence, particularly in the semiconductor and renewable energy sectors, to mitigate regional business risks[124]. - The company anticipates that the photovoltaic market will maintain high growth, with expected new installations of approximately 190-220GW in 2024[120]. - The company aims to become a leading semiconductor manufacturer and service provider, focusing on enhancing its semiconductor manufacturing and high-tech engineering service sectors[126]. Research and Development - The total R&D expenditure for the company was ¥1,202,351,834.71, accounting for 3.05% of total revenue[98]. - Research and development expenses increased by 9.53% to CNY 1,202,351,834.71 from CNY 1,097,724,626.65 year-on-year[125]. - The company achieved a total of 61 patents by the end of 2023, an increase of 13% year-on-year, enhancing its technological innovation capabilities[154]. - The company completed customer validation for ultra-thin stacked DBG process DAF laser cutting and achieved stable mass production[154]. Safety and Compliance - The company emphasizes the importance of safety management across various domains, including production, fire, environmental, and network safety, to enhance overall safety standards[138]. - The company has established a safety production committee to oversee safety management in major projects, ensuring compliance and effective risk management[133]. - The company is committed to improving its modern management level and enhancing risk management capabilities across its operations[115]. - The company has established a risk management system to enhance project management precision and reduce historical issues[158]. - The company strengthened its compliance and internal control systems, enhancing risk management and governance capabilities[179]. Industry Trends and Challenges - The semiconductor industry is currently in a "downturn-recovery" phase, with expectations of market recovery in 2024 driven by AI innovations and improved demand in traditional consumer electronics[106]. - The semiconductor business is expected to enhance risk resistance and foster independent business exploration through scaling[198]. - The semiconductor industry is experiencing a shift towards moderate growth rates, with increasing linkage to global economic growth, despite facing challenges from macroeconomic slowdown and geopolitical tensions[183]. - The global semiconductor sales in 2023 were $526.8 billion, a decrease of 8.2% compared to 2022, but the fourth quarter sales increased by 11.6% year-over-year[106]. - The global advanced packaging market was valued at $44.3 billion in 2022, with a projected compound annual growth rate (CAGR) of 10.6% from 2022 to 2028, reaching $78.6 billion[106]. Awards and Recognition - The company received multiple awards, including the 2023 Global Top 20 Photovoltaic Enterprises (comprehensive category) ranking 14th[156]. - The company has been recognized as a model factory for intelligent manufacturing in Jiangsu Province, reflecting its commitment to high-quality development[154]. - The company has received multiple awards, including being ranked 13th among China's top 20 photovoltaic companies and 3rd among top EPC contractors in 2023[187].